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Unfavorable aicpa adapted information on the direct

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$2,000 unfavorable.AICPA adapted
*.Information on the direct material costs of Bernal Manufacturing Corp. is as follows:
Actual direct material costsP 44,000Actual units of direct material used22,000Standard price per unit of direct materialP2.20Direct material efficiency variance-unfavorableP2,800What was Bernal’s direct material price variance? (E)
.ChemKing uses a standard costing system in the manufacture of its single product.The 35,000units of raw material in inventory were purchased for $105,000, and two units of raw material arerequired to produce one unit of final product.In November, the company produced 12,000 units ofproduct.The standard allowed for material was $60,000, and there was an unfavorable quantityvariance of $2,500.The materials price variance for the units used in November was (M)
.Information on Duke Co.'s direct material costs for May is as follows:Actual quantity of direct materials purchased and used30,000lbs.Actual cost of direct materials$84,000Unfavorable direct materials usage variance3,000Standard quantity of direct materials allowed for May production29,000 lbs.For the month of May, Duke's direct materials price variance was: (D)

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Term
Fall
Professor
N/A
Tags
Direct material price variance, Total cost of direct materials purchases, Material E, Material D

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